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Interest rates are tools of monetary policy set by the Bank of England. They are currently at 0.5% in the UK. A recession is defined as two consecutive quarters of negative economic growth. Low interest r...

1. Identify what kind of integration it is

E.g. Is it horizontal or vertical?

2. Definition of type of integration.

E.g. Horizontal integration is when t...

The more real life application the merrier. Watching the news and keeping up to date with current global and domestic economic issues is a key for this exam. If you have more current and relevant examples...

We begin by discussing what a Production Possibilities Frontier (PPF) curve is. It is a curve that shows the various combinations of two goods (say cycles and dictionaries) that a firm can produce with gi...

This is a good question and it refers to the difference between deflation and disinflation. Sometimes if inflation is at 2% and it decreases to 1.5% for example, there will still continue to be a general ...